Payment Cards in Belgium 2006

Published by: Datamonitor

Published: Oct. 26, 2006 - 73 Pages

Table of Contents

EXECUTIVE SUMMARY

INTRODUCTION

What is this report about?

Scope of the report

Structure of report

MARKET CONTEXT

Introduction

Country overview

Demographics

Population

Economy

GDP

Inflation

Distribution of income

Distribution of wealth

Unemployment

Market size

Cards in issue

Number of transactions

Frequency of use

Value of card transactions

Average transaction values

Balances outstanding

Card acceptance

POS statistics

ATM statistics

Market structure

Industry regulators

National Bank of Belgium - NBB

Banking, Finance and Assurance Commission - CBFA

Industry associations

Belgian Bankers' Association (ABB-BVB)

Union Professionnelle du Crédit - UPC BVK

Credit bureaux

Both private and public credit bureaux operate in Belgium

Regulatory issues

European consumer credit Directive

Belgian consumer protection laws are on the increase

SEPA

Fraud and EMV

COMPETITOR AND PRODUCT OVERVIEW

Introduction

Card scheme market shares

Pay now cards

Credit cards

Cards in issue

Value of transactions

Charge and deferred debit cards

Cards in issue

Value of transactions

Card issuer market shares

Debit cards

Cards in issue

Credit cards

Cards in issue

Balances outstanding

Competitor developments

Consolidation of the Belgian market

New entrants

Product analysis

Credit card design

Many banks offer free insurance products with their cards

Some card issuers offer incentive programs to promote their cards

Loyalty programs

Cards linked to MasterCard Collection reward program

Citibank involved in diverse loyalty programs

Product innovation

Card personalization

FORECASTING THE PAYMENT CARD MARKET IN BELGIUM

Introduction

Forecasting the pay now card market

Forecasting the credit card market

Forecasting the charge card market

SWOT analysis

Strengths

Weaknesses

Opportunities

Threats

APPENDIX

Introduction

Supplementary data

Market Context

Forecasting the payment card market in Belgium

Definitions

AAGR

CAGR

Charge card

Contactless payment

Credit card

EMV

Pay now cards

Pay later cards

POS terminal

Pre-paid cards

Premium cards

Research methodology

Cards and Payments database

Future readings

Future publications

Datamonitor's custom research capabilities

Cards & Payments Team contact details

How to contact experts in your industry

List of Tables

Table 1: GDP per capita for selected European countries, 2005

Table 2: Sectoral composition of the Belgian economy, 2005

Table 3: The inflation rate has increased from 1.5 per cent in 2003 to 2.5 per cent in 2005

Table 4: GINI Coefficient for selected European countries

Table 5: Segmentation of liquid assets in Belgium, 2004

Table 6: Interest rates, annual fees and minimum credit limits on selected credit cards, 2006

Table 7: A selection of credit card reward schemes offered by Citibank, 2006

Table 8: Datamonitor's forecast for the pay now card market, 2006-2010f

Table 9: Datamonitor's forecast for the credit card market, 2006-2010f

Table 10: Datamonitor's forecast for the charge card market, 2006-2010f

Table 11: Population numbers and demographic splits in Belgium and other major European countries, 2005

Table 12: The percentage of people over the age of 20 in the major European countries, 2005

Table 13: GDP at current rates across major European countries, 2005

Table 14: Real GDP growth rates, 2001-2005

Table 15: Unemployment rate in Belgium, 2001-2005

Table 16: Belgian POS statistics and POS terminals per capita, 2000-2004

Table 17: Belgian ATM statistics and ATM terminals per capita, 2000-2004

Table 18: Pay now card forecasts indexed to 2005

Table 19: Credit card forecasts indexed to 2005

Table 20: Charge card forecasts indexed to 2005

Table 21: Current relevant Datamonitor publications, 2006

Table 22: Future relevant Datamonitor publications, 2006

List of Figures

Figure 1: Overview of Belgium, 2005

Figure 2: Belgium has one of the lowest populations among the major European countries, 2005

Figure 3: Belgium has the fifth highest percentage of population over the age of 20 after Italy, Spain, Greece and Germany, 2005

Figure 4: Germany has the highest GDP in Europe, 2005

Figure 5: Belgium has seen a positive increase in GDP growth rates in recent years, 2001-2005

Figure 6: Unemployment rate in Belgium has increased since 2001, 2001-2005

Figure 7: In terms of card numbers, pay now cards are dominant, 2001-2005

Figure 8: Pay now cards dominate in terms of transaction numbers, 2001-2005

Figure 9: Pay now cards are used much more frequently than pay later products, 2001-2005

Figure 10: The value of credit card transactions is growing ever more quickly, 2001-2005

Figure 11: Average transaction values are highest on credit cards, 2001-2005

Figure 12: POS terminal network in Belgium, 2000-2004

Figure 13: ATM network in Belgium, 2000-2004

Figure 14: Regulatory overview of the Belgian Banking market, 2005

Figure 15: Visa is dominant scheme in terms of credit card numbers, 2001-2005

Figure 16: Visa is the leader in terms of value of transactions, 2001-2005

Figure 17: Visa dominates the charge card market in Belgium, 2001-2005

Figure 18: Visa also dominates charge card spend, 2001-2005

Figure 19: Fortis, Dexia and KBC Bank are the top issuers of pay now cards in Belgium, 2005

Figure 20: Fortis dominates the credit card market in terms of cards in issue, 2005

Figure 21: Fortis is also the leading credit card issuer in terms of balances outstanding, 2005

Figure 22: Mergers and acquisitions in the Belgian banking market, 1998-2005

Figure 23: MasterCard Collection reward program website, 2006

Figure 24: Increased card usage and spend will drive the pay now market, 2006-2010f

Figure 25: Increased card usage will drive the credit card market, 2006-2010f

Figure 26: The charge card market is expected to decline, 2006-2010f

Figure 27: SWOT analysis of the Belgian payment market, 2006

Figure 28: Datamonitor's core consulting capabilities

Abstract

• The focus of the report is on consumer payment cards, as opposed to commercial products.
• Data and analysis provided on debit cards, credit cards and deferred debit and charge cards.
• The report parameters extend to card issuance only. Merchant acquiring and card processing are not covered.
• Historic market data is presented for 2001-2005, with forecast data presented to 2010. Competitor shares for card issuers are presented for 2005.

• Learn how the Belgian consumer payment card market has developed over the last five years.
• Understand recent developments in the market in terms of consolidation, new entrants and product innovations.
• Find out Datamonitor's opinion on the future growth rate of the Belgian payment card markets including debit, credit, deferred debit and charge.

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